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Re: August Jobs Report: 96,000

Sure it's disappointing that only 96,000 jobs were created, however we must remember that the month Obama took office there were 818K jobs lost. And because of the financial meltdown of the economy all the credit markets were frozen in the first year Obama was in office. Also during 2007 the average monthly increase was only 92K jobs were created and during 2008 an average 0f 300K jobs were lost per month.

Re: August Jobs Report: 96,000

Originally Posted by pbrauer

Sure it's disappointing that only 96,000 jobs were created, however we must remember that the month Obama took office there were 818K jobs lost. And because of the financial meltdown of the economy all the credit markets were frozen in the first year Obama was in office. Also during 2007 the average monthly increase was only 92K jobs were created and during 2008 an average 0f 300K jobs were lost per month.

Putting that aside, you still ignore the fact that the percentage of the available American workforce that's employed is WAY down and the number of jobs created isn't even keeping up with population growth.